Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 287.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,300 shares of the semiconductor manufacturer’s stock after acquiring an additional 18,021 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Advanced Micro Devices were worth $3,942,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in Advanced Micro Devices by 1.6% during the first quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer’s stock valued at $26,133,989,000 after buying an additional 2,349,288 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Advanced Micro Devices by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 28,338,223 shares of the semiconductor manufacturer’s stock valued at $4,177,338,000 after acquiring an additional 570,035 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Advanced Micro Devices by 10.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock valued at $4,079,674,000 after acquiring an additional 2,553,392 shares in the last quarter. Wellington Management Group LLP boosted its position in Advanced Micro Devices by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 19,218,241 shares of the semiconductor manufacturer’s stock worth $2,832,961,000 after purchasing an additional 478,718 shares during the period. Finally, Van ECK Associates Corp increased its holdings in Advanced Micro Devices by 52.6% in the 2nd quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock valued at $1,402,412,000 after purchasing an additional 2,979,204 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

Shares of AMD opened at $155.95 on Friday. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. The stock has a fifty day moving average price of $146.77 and a 200 day moving average price of $160.35. The company has a market cap of $252.06 billion, a P/E ratio of 229.34, a PEG ratio of 2.04 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the prior year, the firm earned $0.40 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on AMD shares. Barclays reduced their price target on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. Morgan Stanley upped their target price on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Edward Jones began coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They set a “buy” rating on the stock. Cantor Fitzgerald decreased their price objective on shares of Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Finally, Susquehanna reaffirmed a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $193.45.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.